Carnegie, Pennsylvania Property Taxes
The median property tax rate in Carnegie, PA is 2.82%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Carnegie, the typical annual property tax bill reaches $2,931, exceeding the national median of $2,690. Property taxes in Carnegie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carnegie's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Carnegie or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carnegie, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.82%
Estimate Property Tax Bill
$2,809
Ownwell’s Carnegie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carnegie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carnegie to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Carnegie, Pennsylvania
Property taxes in Carnegie, Pennsylvania, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Carnegie is 2.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carnegie set these rates annually, and they can vary across different neighborhoods. Each year, Carnegie estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Carnegie's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15106 has the highest median property tax rate of 2.82%, while the same zip code also has the lowest median tax rate of 2.82%. Understanding how these areas compare with Carnegie provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carnegie Tax Rate
2.82%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carnegie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15106 | 2.24% | 2.51% | 2.82% | 3.32% | 3.87% |
Source: Ownwell
Property Tax Assessment Values Across Carnegie, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Carnegie, Pennsylvania. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Allegheny County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Carnegie, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Carnegie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Carnegie is $2,931 in the 15106 zip code, while the lowest median tax bill is also $2,931 in the same zip code.
Average Carnegie Assessed Value
$99,600
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carnegie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15106 | $36,300 | $62,900 | $99,600 | $142,000 | $216,460 |
Source: Ownwell
Property Tax Bills Across Carnegie, Pennsylvania
In Carnegie, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county's assessment office, which evaluates the property's market value and assigns a taxable value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Carnegie is $99,600. Homeowners in the 25th percentile can expect a tax bill around $1,878, while those in the 75th percentile may see bills up to $4,359. For those in the 90th percentile, tax bills can reach as high as $6,589. The highest and lowest median tax bills in the area are both $2,931, indicating a level of consistency in tax assessments. These property taxes contribute to local services such as schools, public safety, and infrastructure, directly impacting homeowners by funding community resources and amenities. The property tax rate in Carnegie is higher than the national median of 0.99%, making it essential for homeowners to understand their tax obligations.
Average Carnegie Tax Bill
$2,931
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Carnegie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15106 | $1,069 | $1,878 | $2,931 | $4,359 | $6,589 |
Source: Ownwell